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Search Results 0 to 49 of about 451 (some duplicates have been removed)
today make one more point about the type of campaign at that romney ran. focused on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face another four years of a democrat in the white house and at least two more in the senate minority. what the party needs to do to what the party needs to do to regroup for 2 2 2 2 2 2 hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >> another white house loss for the g.o.p. coupled with their failure once again to take back the senate. many in the
of the economy, but this is has consumption fall as a share of gdp. >> exactly. and this is not a new issue. so we can't expect that just a new bunch of people come in, that the situation will change anytime soon. there are serious structural issues why china remains investment led rather than consumption led and the it would take big and far reaching policy reform to change that. >> will we see these reforms in light of the reports coming out of china as we mentioned with eunice just a few moments ago that perhaps we're not necessarily seeing as a reformist of a leadership for the next couple of years? >> yes, we don't really know what the new leadership is. in fact, for the last ten year, hu jintao was the leader, but the previous leader was in the background and he retained a lot of influence. and now the new leader will have not just hu jintao to deal with, but also his predecessor. so two who he'll have to deal with. 20 old people who used to be on the bureau, all of which will be exercising some influence. so i think this new leadership will be rather constrained at least for the first co
that will never change, prudential. >> wherever our trains go, the economy goes to life. norfolk southern, one line, infinite possibilities. >> additional corporate funding is provided by boeing. additional funding is provided by the an nenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. >> once again, live from washington, moderator gwen ifill. gwen: good evening. two men faced off for what each said would be his final campaign competing for the hearts and the minds of an economically stressed electorate. president obama won the much discussed battleground states. he won the electoral vote. he won the popular vote of -- and he won an america that revealed itself to be more divided than ever. today the president walked into the east room saying elections have consequences. >> what the american people are looking for is corporation. they're looking for consensus. they're looking for common sense. most of all, they want action. i intend to deliver for them in my second term i expect to find willing partners in bot
ministers to say the economy may already be in recession. one step forward, two steps back. greek lawmakers approve 2013 budget, but germany warns brussels aren't likely to sign off on the next tranche of aid at their meeting today. lorenzo tells cnbc greece needs more time and he's urged europe to extend the company's debt maturities. plus president obama will get a lot of input this week from civic leaders on how to tackle the looming fiscal cliff before he sits down with house and senate leaders on friday. we're up and running for a fresh week of global business news. we'll hear from kelly fairly shortly. also on today's program, we'll be in brussels ahead of the important euro group meeting. focus there on greece and the eu budget. after the weekend, talks collapsed. and the annual world energy outlook report in an hour and plus analysis of where oil prices can be headed. and best buy gets set to join the tablet wars with it insignia flex. what can it offer to customers that the ipad, kindle 5 and surface can't. the first japanese government may be forcesed to lower its outlook for the
longer, providing for their families and generating more income for the economy and for the treasury. i think there are other things you can do, but look, i am open to a conversation about this. when it comes to things like social security, again, you have got to take a mixed approach. look at simpson-bowles or others, they have a combination of revenue and spending reform. >> you are willing to at least look at that? >> i am willing to consider them as part of a possible plan, but i do not think we should jump to solutions, especially in medicare, that's simply transfer cost. in social security there are other ideas, some of which we discussed in the super committee. >> social security has to be a part of this? >> i think we should look at social security as -- that is what simpson-bowles did. they said, look at social security, but not as part of our deficit reduction target. there is room for a conversation there -- what others have said is they do not want that to be part of how you calculate your deficit. >> what do you have to do? you talk about a process that lasted over six mont
congress the same problems. the fiscal cliff that pushes our economy into another recession. the lower economy and higher taxes a bad cocktail. , promised a new era but that reminds me of groundhog's day. it is great to have my guess here. the perfect do well to talk monday morning quarterback. yourself awful the president today actually calling on boehner and harry reid to say we have to come together. we could have seen more of that from the first administrations that he is doing it now. what are the odds they get together? >> everyboby hopes they are high but you want to avoid the high stakes game of chicken and during the lame duck session. that could have been. but his willingness to meet with mitt romney and boehner to resolve the situation. but if you heard voters press conference he sounds like he is the same position under no circumstances will taxes ever be raised. gerr he sad the reelection of the president is not a mandate to ise taxes. this is a huge debate. can hey come together? >> i elieve we can seize the futre together. we're not as divided as our politics suggest as
in the next four years? >> the economy might be recovering. if the recovery is not complete or if growth is tepid and slow and jobs do not come back by the time of the next presidential campaign, how will that affect the types of policies that candidates will propose? different solutions and how people might change electorally. >> i think given polling data and the uncertainty of it these days, i think there were a lot of reasonable predictions you could have made from getting barack obama to 332 would have been a reasonable prediction. getting over 304 mitt romney was within the realm of possibilities, or a reasonable person could conclude. there are lots of issues in polling now that carolina has been following closely better generally troubling to a lot of pollsters. polling procedures are developed in a nation that had landline telephones and a population that answer the phone. we do not live in such a nation anymore. peter researchers found 9% of calls resulted in a complete interview. in 1997 was 37%. is the representative of the larger public, we are not sure. the exit poll intake
something that will put this country on the long term path to a sustainable, strong economy like we need to create jobs. >> you were called the ultimate facilitator when you were in washington working in the first bush white house and you were incredibly successful in getting through some very tough initiatives in the second bush white house. how would you go about bringing these two sides together? what do you think is the key here for actually getting a deal done if you were the facilitator trying to bring these two sides together? >> i think the key to getting the deal done, sue, is to put yourself in the other person's shoes, realize it is very early in the game and realize on both sides that anything you say, anything you do can have an impact on locking people in to positions that you do not want to lock them in to. you want to keep people in an open space with open minds so you can move the pieces around and find the right combination that will keep us from going off the fiscal cliff. i think you also have to realize that you have people on both sides who it's not going to be a ma
boehner challenging president obama to lead us. his first comments on the economy sense reelection, he seems emboldened by his reelection. with more on this, chris stirewalt. it is great to have you here. i want to start by talking about what the president had to say today. he seemed pretty firm on what he said so far about what we need to do with taxes in this country. here is the president. >> i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 are not asked to pay a dime more in taxes. [applause] gerri: chris, jay carney comes out a few minutes later and he says, well, the president says he will raise taxes on wealthy. so where is the compromise? >> the hope is that the compromise lies in a broader reform. but as you know, this comes down to chime in. you have the fiscal cliff. what democrats want to do really -- what they want to do is use
our economy and create jobs and the decisions we have to make in the coming weeks to help that come about. it is part of governing that these issues arise and we have to deal with them. >> this is a question on the fiscal cliff. you say he will not sign any bill that extends the bush cuts. it is highly unlikely that he would get a bill like that. how open is he to the notion that -- in terms of going forward? is he willing them out completely? >> i am giving you a pretty good printers on the president's thinking going into the process that he said it begins with the specific proposal he has before congress, a plan that achieves balance and that allows us to continue to invest in important areas of the economy. he has not been wedded to every detail of that plan. i will not negotiate hypothetical details. i was side speaker banner and say i am not in the position of boxing ourselves and others. he looks forward to the meeting with leaders in congress. and as clear principles fam belief that we can reach a compromise is comparable. it would allow us to address the fiscal cliff challen
". >>> president obama says his re-election proves that americans want action on the economy, not just politics as usual: just days after his victory, he's laying out a framework for compromise with the republicans to avoid $600 billion in automatic spending cuts and tax hikes in the next year. he says he's open to new ideas, but he warns the federal government can't cut its way to prosperity. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthest americans to pay a little more in taxes. that's how we did it -- that's how we did it in the 1990s when bill clinton was president. that's how we can reduce the deficit while still making the investments we need to build a strong middle class and a strong economy. that's the only way we can still afford to train our workers or help our kids pay for college, or make sure that good jobs and clean energy or high-tech manufacturing don't end up in countries like china. now, already i've put forward a detailed plan that allows us to make these investments while reducing our deficit
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funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: for the first time in four years, president obama did not have to worry about re-election today. still, there was little time to savor tuesday's victory, in the face of a potential fiscal crisis at the end of the year. "newshour" correspondent kwame holman begins our coverage on this day after the election of 2012. >> reporter: mr. obama departed his hometown of chicago this afternoon for washington, his home for another four years. waiting for him: a still- divided congress now facing a critical lame duck session. the president made it clear in his victory speech last night that he thinks the country wants an end to gridlock. >> tonight, you voted for action, not politics as usual. ( applause ) you elected us to focus on your jobs,
.s. economy from going over the so-called fiscal cliff. in the last 24 hours, newly relie detectorred president barak obama and house speaker john boehner have both vowed that they will not let this happen. but is that even possible given today's decisive political climate? before we get into the discussion, let's first listen to what both men had to say. >> this is an opportunity for the president to lead. this is his moment. >> i'm committed to solving our fiscal challenges, but i refuse to accept any approach that isn't balanced. >> arthel: let's talk about it now. matt is the former white house political director under president george w. bush. alexis is the executive director for the american values institute. good to see both of you. >> great to be here. >> arthel: very good. so let's say that each of you is going to broker this deal. tell me the concessions you would make and what would be the deal breakers. i'm going to go with you first, matt. >> okay. so i'm in the seat of power. i guess if i'm a republican, i want to make sure that if i'm going to negotiate a deal that i've
% that we can't afford and according to economists, will have the least positive impact on our economy. >> all right. i don't know about you, but to me, that sounds like a fairly staunch and unwavering position. and yet, the president did insist he's staying open to new ideas. take a listen to this one. >> i am open to new ideas, if the republican counterparts or some democrats have a great idea for us to raise revenue, maintain progressivity, make sure the middle class isn't getting hit, reduces our deficit, encourages growth, i'm not going to just slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> all right. now, that second one -- that second one was pretty good, if you ask me. and again, i'm trying to be optimistic about tax reform rather than higher tax rates that will damage economic incentives. but does this really sound like somebody who's ready to make a deal? that's a big question. here now is cnbc contributor keith bicycoykin, and david web radio talk show host and co-founder of tea party 365. steve, did the president sound like he was rea
majority of them said that taxing the wealthy was a majority of that. there are other issues on the economy. 70% to 20% said that they trusted the economy. that should not be their goal. their goal should be to hit the 40% level that w. was able to do. that will make them competitive. and they need to also created goal for blacks. they cannot conceive 97% of the black vote. start with 12%, 17%, something. they need to make inroads. is unrealistic to say let's go for hispanics. if they can get to the 38% range, they can be competitive. in the same way, we're talking about the democratic problem with whites. >> in 2013, there is a big deal. comprehensive immigration reform was taken off the table. how far does this get you with this next emerging electorate? what else does the party have to do to get back to the kind of numbers that bush saw? >> is a step in the right direction, but it is far from the whole thing. it is basically ronald reagan mindset that says we welcome anyone who shares our values and our desire for lower taxes. bill back and listen to some of ronald reagan's rhetoric. --
when our economy is still recovering from the great recession, our top priority has to be jobs and growth. that's the focus of the plan i talked about during the campaign. it's a plan to reward businesses that create jobs here in america, and give people access to the education and training that those businesses are looking for. it's a plan to rebuild our infrastructure and keep us on the cutting edge of innovation and clean energy. and it's a plan to reduce our deficit in a balanced and responsible way. this is even more important because at the end of this year, we face a series of deadlines that require us to make major decisions about how to pay down our deficit -- decisions that will have a huge impact on the economy and the middle class, now and in the future. last year, i worked with democrats and republicans to cut a trillion dollars' worth of spending, and i intend to work with both parties to do more. but as i said over and over again on the campaign trail, we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spendin
on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face another four years of a democrat in the white house and at least two more in the senate minority. what the party needs to do to regroup for 2 2 2 2 2 2 >> another white house loss for the g.o.p. coupled with their failure once again to take back the senate. many in the party calling for change. what can republicans do to regroup for 2014 and beyond. jason, a wonderful time of the the season, called recrimination. (laughter) >> otherwise known to journalists as shooting the wounded, which is our specialty, so, what, how much trouble is the republican party in? >> they're in a lot of trouble, the coalition needs to expand.
money in washington. what's choking our economy and what's choking the economy of greece, but, entitlements are choking us and we've got to make the real reforms to make sure that we do it right. we protect these programs and thirdly, speaker boehner said it very well, i thought he showed great leadership that revenues need to be on the table. again, we need to do it in the right way. bowles-simpson said reduce the reductions where you can, lower tax raets by doing that. george, we got to get this economy going again. we have had an outside group ernest and young look at raising of taxes on the highest income earners. we would lose 700,000 jobs in america. is that the kind of economy that this president wants to start out with in his second term? i don't think so. president obama said two years ago, now is not the time with a sluggish economy to raise taxes. we need to consider the fact that folks who started raising taxes on the business creators. there's a right way to do this and there's a wrong way to do it. and speaker boehner was absolutely correct, you have to have reve
the entire size of our economy. there will be many who will say that we should confront the first of these challenges by letting the tax rates expire and pushing the sequester off to some other day. there would have disengage in the same short-term temporary policies that has helped put us into this fix. let's have more of the same. let's agree to a drive our economy off part of the fiscal cliff instead of driving it off the whole fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem. and it will hurt our economy. we cannot keep going on like that. we cannot keep setting the bar that low. it is time that we raise the bar. the american people did not give us a mandate to do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we wa
what i said on friday. right now, our economy is still recovering from a very deep and damaging crisis. so our top priority has to be jobs and growth. we've got to build on the progress that we've made. because this nation succeeds when we've got a growing, thriving middle class. and that's the idea at the core of the plan that i talked about on the campaign trail over the last year, rewarding manufacturers and small businesses that create jobs here, not overseas, providing more americans the chance to earn skills that businesses are looking for right now. keeping this country at the forefront of research, technology, and clean energy, putting people back to work rebuilding roads, bridges and schools and reducing our deficit in a balanced and responsible way. on this last item, we face a very clear deadline. that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline. and i believe that both parties can work together to make these decisions in a balanced and responsible way. to meet with labor and civic leader
contribute a little bit to helping our economy, and the majority of the people who are fortunate and made a lot of money, they're willing to do this. democrats, independents and republican support the direction of the president regarding this fiscal cliff issue. thanks, everybody. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> you just heard senate democrats speak about elections. the republicans will talk about their own election. main senator-elected angus king saying he'd caucus with the democrats. here's what he had to say. -- maine senator-elect angus king saying he'd caucus with the democrats. here's what he had to say. >> good morning. all set. today i'm announcing my decision as to which party, if any, i'll associate myself in my work here in the u.s. senate. before doing so, however, i'd like to outline my thinking on this issue and set out the principles that have guided my decision. in answering this, who will you caucus with question, repeatedly during the campaign -- and i emphasize the word repeatedly -- i
-product of growing our economy, energized by a simpler cleaner fairer tax code with fewer loopholes and lower rates for all. >> reporter: democratic senate leader harry reid also says he wants a quick fix for the fiscal cliff. but, he was clearly feeling empowered by a strong showing in the election. >> i want to work together, but i want everyone to understand you can't push us around. >> reporter: and raising taxes on the well-off is clearly a top priority. >> all the exit polling, all the polling we've done, the vast majority of the american people support that, including rich people. >> reporter: many republicans see the election as more of a return to the status quo and that will make negotiations on the fiscal cliff tricky. >> the discussion around taxes will have to be calibrated in a way that recognizes that there are certain red lines for both parties that probably will not be crossed. >> reporter: now that the election is over, policy makers are likely to feel more pressure to reach an agreement to ease the fiscal cliff. the public clearly does not like the automatic spending cuts that ar
their ideas as well. in a time when our economy is still recovering from the great recession, our top priority has to be jobs and growth. that is the focus of the plan that i talked about during the campaign. [applause] it is a plan to reward small businesses and manufacturers to create jobs here, not overseas, a plan to give people the chance to get the education and training that businesses are looking for right now. it is a plan to make sure this country is a global leader in research and technology and clean energy, which will attract new companies and high- wage jobs for america. it is a plan put americans back to work, including veterans, rebuilding our infrastructure, and it is a plan to reduce our deficit in a balanced and responsible way. our work is made that much more urgent because at the end of this year we face a series of deadlines that require us to make major decisions about how to pay our deficit down, decisions that will have a huge impact on economies and the middle class, both now and in the future. last year i worked with democrats and republicans to cut $1 trillion in sp
the economy today. he reminded america that there was an election on tuesday and the people have spoken. the president spoke from the east room of the white house surrounded by middle class americans. he's ready to lead on fiscal challenges facing this country. >> the american people voted for action. not politics as usual. you elected us to focus on your jobs, not ours. and in that spirit, i have invited leaders of both parties to the white house next week so we can start to build consensus around the challenges that we can only solve together. >> no heavy hand, no arrogance whatsoever. if there's one word to sum up the president's presentation today, it's this. consistent. the guy who gave the speech is the same guy who we watched on the campaign trail for the last seven months. americans want cooperation when it comes to a deal on the united states economy and the president is delivering his side of the bargain. >> we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spending cuts with revenue. that means asking the wealthiest ameri
Search Results 0 to 49 of about 451 (some duplicates have been removed)